Question

7. Karen opened a savings account with $500. The money earns 0.2% interest per month. If she does not make any withdraws or any more deposits, approximately how much money will Karen have in the account after two years?

(North Carolina Math 2)

A. $502 B. $512 C. $515 D. $525

Answer 1

Answer:

The answer is A

Step-by-step explanation:

0.2% of 500 is 1 so in two year she would have 502$

Answer 2

The answer would be A. 502